GGSAITM2 — SG SPA
GGSAITM2 is the SWIFT/BIC code for SG SPA in MILANO, Italy — an 8-character head-office code under ISO 9362.
GGSAITM2 is the SWIFT/BIC code for SG SPA in MILANO, Italy. It is an 8-character head-office identifier under the ISO 9362 standard.
BIC breakdown (ISO 9362)
| Field | Value |
|---|---|
| Institution | SG SPA |
| Country | Italy (IT) |
| Location Code | M2 |
| Branch | None |
| Type | 8-character head-office code (BIC8) |
⚠️ Critical Money Transfer Warning (YMYL)
Verify the BIC with your beneficiary bank: Database records are informational only. swiftbic.org is not affiliated with SWIFT. Always verify the SWIFT/BIC code and name of the beneficiary with the receiving bank or official registration records before initiating any international wire transfer.
Common Mistakes: Do not confuse the SWIFT/BIC code (identifies the bank branch) with the IBAN (identifies the specific bank account). Using an incorrect branch suffix or a deactivated code can result in payments being returned, delayed, or subject to significant administrative return fees.
Verify GGSAITM2 in the live lookup → · IBAN Validator & Checker → · SWIFT Guide →
Frequently asked questions
What bank does the SWIFT code GGSAITM2 belong to?
The SWIFT code GGSAITM2 identifies SG SPA in MILANO, Italy. This head office code is used for cross-border payments and SWIFT network routing.
What do the parts of the SWIFT code GGSAITM2 mean?
The 8 or 11 characters of GGSAITM2 are parsed as follows: characters 1-4 (GGSA) represent the bank code for SG SPA; characters 5-6 (IT) indicate the country code for Italy; characters 7-8 (M2) specify the location code; and the final characters (—) designate the specific branch.
Is the BIC code GGSAITM2 active on the SWIFT network?
Yes, the Business Identifier Code (BIC) GGSAITM2 is registered under ISO 9362 and is active for routing interbank messages. Location characters 'M2' designate it as a primary active participant.
Can I use the head office code GGSAITM2 instead of GGSAITM2?
Yes. The 8-character code GGSAITM2 represents the primary headquarters of SG SPA. The 11-character code GGSAITM2 targets the head office directly. If the branch code is unknown, sending payments to GGSAITM2 (or GGSAITM2XXX) will route them to the main head office.
What is the physical address of the bank registered to GGSAITM2?
The physical address registered for GGSAITM2 is: PIAZZA DELLA REPUBBLICA 21, 20124, MILANO, Italy. Verify this address matches your recipient's branch details before initiating a transaction.
Sources & References
- 🌐 ISO 9362: The official standard defining the Business Identifier Code (BIC) format guidelines.
- 🏢 SWIFT Registration Authority: The organization designated by ISO to register and publish BICs (swift.com).